Commission Calculation

ADVANTAGES

COMMISSION CALCULATION ADVANTAGES

  • Process retailer commission statements monthly
  • Can combine commission statements from Energy Broker Platforms and your own brokered statements and process all statements
  • Determine if Broker/Agent is being paid correctly by Retailers by comparing Broker/Agent expected usage, retailer usage and utility usage
  • Tracks prepayments and clawbacks between retailer, broker, and agent in each transaction, and calculate the results in payments with agent. View list of all prepayments and clawbacks for all agents for all transactions
  • View all your transactions, clients, contacts, incentive plans, agent expenses and reports on your phone domestically and
    internationally
  • CRM provided to create and manage client records, including all transactions
  • Calculate commission payable for each agent
  • Ability to verify if retailer is paying broker correctly for each meter for each transaction
  • Expenses tracked for each agent and offset against total commission payable
  • Ability to compare each month the commission amount retailer states in their commission statement they have paid broker vs. what the retailer has actually deposited in broker’s bank account.
  • Error report generated after initial processing of each retailer commission statement to allow for transaction correction by agent before final processing run and calculation of commission payable
  • Warning system is provided for renewal of transactions, which can be set for multiple time periods, e.g. 3 months or 3 months and then 3 weeks
  • Create different incentive plan for each agent
  • Transactions can be split among multiple agents
  • Each meter is tracked by unique number to match against retailer’s same reported unique number
  • Transaction can be toggled whether to participate in incentive plan
  • Transaction can be tracked by industry, i.e. electricity or natural gas
  • Export data to Excel or csv
  • All transactions, contacts, companies and more are accessible by mobile app
  • Unlimited ability to create online views of data
  • Ability to import and export data for all functions using Excel
  • Reports
    • Brokers
      • Gross / Net Commission By Agent Name (All Agents)
      • Agent Incentive Report
      • Payments and Agent Overview Report
    • Agents
      • Gross / Net Commission By Agent Name